2450 Park Ave - Office FOR SALE


Minneapolis, MN 55404- Phillips
$1,925,000 USD
612-432-6352
2450 Park Ave, Minneapolis, MN for Sale
$1,925,000 USD
Office - FOR SALE
1/26
null | Request Cap Rate

Jul '26


2450 Park Ave
Minneapolis, MN 55404
Phillips


HIGHLIGHTS

  • Well Maintained Building
  • Great Location
  • Great Opportunity

OVERVIEW

Martin de Porres Hall Is 7,000 square feet of prime space located at 2450 Park Ave. in South Minneapolis. This classic one-story building includes a full basement. The 1970s built property sits on .55 acres and has 20+ parking spaces. Additionally, the solar panels on the roof reduce significantly the annual operating costs of the property. The building contains 6 large classrooms, 12 offices, and a lounge, and most importantly it is move-in ready. Last renovated in 2008, the building is well maintained and is in great shape. The building is ready today to become a school (early education, elementary, middle, or high school). Potential other uses include office, childcare, or a senior care center. Combined with 2440 Park Avenue located next door, a redevelopment could include multifamily residences or conversion to medical use. The property is zoned for commercial RM 3 and is ADA compliant.

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,935 SF

ZONING

RM3

APN/PARCEL ID

35-029-24-23-0165

ASK ABOUT THIS PROPERTY

Pete GuideraColdwell Banker Commercial RealtyMore Info
612-432-6352

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Pete GuideraColdwell Banker Commercial RealtyMore Info
612-432-6352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.